WorksheetsCottage Industry
Total questions: 12
Worksheet time: 6mins
A small business or manufacturing activity is called a cottage industry?
True
False
A business or manufacturing activity carried out in people's homes is called...
A Small Business
A Medium Enterprise Business
A Cottage Industry
A Limited Company
Long ago to manufacture literally meant:
Man-made
To make by hand
To construct
To make with little human labour
Which of the following is not one one of the key features of a cottage industry?
Carried out in persons homes
Typically use traditional or small scales technology
Often use local raw material
Usually hire employees from the community
Cottage industry tend to be which type of business?
Sole Trader
Partnership
Cooperative
Corporation
Which of the following is NOT a disadvantage of operating a cottage industry?
Operators may lack marketing skills
Raw materials may be hard to obtain
Cottage industry usually offers low and attractive prices
Long hours of work usually required
Which of the following falls under cottage industry
The Village Corner Store operated by Tanty Pam on the busy junction.
The local barbershop operated in the community mall
The large supermarket at the mall
The carpenter operating at his home
Which is NOT a characteristic of cottage industry?
Based at home
Labour- intensive production
Use of readily available resources
Highly trained employees
Which of the following businesses may be BEST categorized as a cottage industry?
Linda's Hear Dressing Salon
Otis Mini Mart
Vicky's Handicraft
Eva Brewery Ltd.
All of the following can be considered disadvantages of cottage industries EXCEPT:
Flexibility in working hours
High cost of production
Lack of standardisation in output
Dependence upon local raw materials
A cottage industry can BEST be described as
A business with one person responsible for all aspects
A business that builds homes
A business carrying out production at home
A business catering to the needs of the local community
A cottage industry business, most likely has ____________
Unlimited Liability
Limited Liability
Large Labour Force
Lots of Sophisticated Capital Equipment
